{"id":67,"date":"2020-04-08T21:37:34","date_gmt":"2020-04-08T21:37:34","guid":{"rendered":"https:\/\/as.vanderbilt.edu\/economics\/?page_id=67"},"modified":"2025-10-07T20:29:28","modified_gmt":"2025-10-07T20:29:28","slug":"phd-admissions","status":"publish","type":"page","link":"https:\/\/as.vanderbilt.edu\/economics\/phd-admissions\/","title":{"rendered":"Ph.D. Admissions"},"content":{"rendered":"<h2>The Ph.D. in Economics<\/h2>\r\n<p><span class=\"TextRun SCXW40992734 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW40992734 BCX0\" data-ccp-parastyle=\"heading 3\">The Ph.D. program in economics admits between 8 and 12 students per year and prepares them for a successful career in academia, government, international organizations, or the private sector. <\/span><\/span><span class=\"TextRun SCXW40992734 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW40992734 BCX0\" data-ccp-parastyle=\"heading 3\">In the first year, students take classes in microeconomics, macroeconomics, and econometrics, as well as mathematical economics and economic history. In the second and third year, students take 21 credit hours of specialized classes in at least two of the following concentrations: <\/span><\/span><\/p>\r\n<ul>\r\n<li><span class=\"TextRun SCXW40992734 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW40992734 BCX0\" data-ccp-parastyle=\"heading 3\">Microeconomic Theory <\/span><\/span><\/li>\r\n<li><span class=\"TextRun SCXW40992734 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW40992734 BCX0\" data-ccp-parastyle=\"heading 3\">Macroeconomic Theory<\/span><\/span><\/li>\r\n<li><span class=\"TextRun SCXW40992734 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW40992734 BCX0\" data-ccp-parastyle=\"heading 3\">Econometrics<\/span><\/span><\/li>\r\n<li><span class=\"TextRun SCXW40992734 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW40992734 BCX0\" data-ccp-parastyle=\"heading 3\">Economic Development<\/span><\/span><\/li>\r\n<li><span class=\"TextRun SCXW40992734 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW40992734 BCX0\" data-ccp-parastyle=\"heading 3\">Economic History<\/span><\/span><\/li>\r\n<li><span class=\"TextRun SCXW40992734 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW40992734 BCX0\" data-ccp-parastyle=\"heading 3\">Health Economics<\/span><\/span><\/li>\r\n<li><span class=\"TextRun SCXW40992734 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW40992734 BCX0\" data-ccp-parastyle=\"heading 3\">Industrial Organization<\/span><\/span><\/li>\r\n<li><span class=\"TextRun SCXW40992734 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW40992734 BCX0\" data-ccp-parastyle=\"heading 3\">International Economics<\/span><\/span><\/li>\r\n<li><span class=\"TextRun SCXW40992734 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW40992734 BCX0\" data-ccp-parastyle=\"heading 3\">Labor Economics<\/span><\/span><\/li>\r\n<li><span class=\"TextRun SCXW40992734 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW40992734 BCX0\" data-ccp-parastyle=\"heading 3\">Money and Financial Institutions<\/span><\/span><\/li>\r\n<li>Political Economy<\/li>\r\n<li><span class=\"TextRun SCXW40992734 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW40992734 BCX0\" data-ccp-parastyle=\"heading 3\">Public Economics<\/span><\/span><\/li>\r\n<\/ul>\r\n<p><span class=\"TextRun SCXW40992734 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW40992734 BCX0\" data-ccp-parastyle=\"heading 3\">Students can petition to combine at least two related classes to a nonstandard concentration.<\/span><\/span><span class=\"EOP SCXW40992734 BCX0\" data-ccp-props=\"{&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559738&quot;:40,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\r\n<h2>Applying to the Program<\/h2>\r\n<p><span class=\"TextRun SCXW156993292 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW156993292 BCX0\">The application deadline for the Ph.D. program is January 1st for the coming fall semester. Successful applicants have strong quantitative backgrounds and a passion for research in <\/span><\/span><span class=\"TextRun SCXW156993292 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"none\"><span class=\"SpellingError SCXW156993292 BCX0\">economics. <\/span><\/span><span class=\"TextRun SCXW156993292 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"none\"><span class=\"SpellingError SCXW156993292 BCX0\">The<\/span><\/span><span class=\"TextRun SCXW156993292 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW156993292 BCX0\">\u00a0application fee is $95.00 upon submission.<\/span><\/span><\/p>\r\n<p>Please direct all Ph.D. admission inquiries to <a href=\"mailto:economics@vanderbilt.edu\">economics@vanderbilt.edu<\/a>.<\/p>\r\n\n\n<!-- NEW ACCORDION * AID 611-->\n\n<div class=\"panel-group VUaccordion_611\" id=\"accordion\" role=\"tablist\" aria-multiselectable=\"true\">\n\n<!-- NEW PANEL ITEM * ID 3897-->\n\n<div class=\"panel panel-default\"><div class=\"panel-heading\" role=\"tab\" id=\"heading3897\"><h4 class=\"panel-title\"><a name=\"\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion\" href=\"#item3897\" aria-expanded=\"true\" aria-controls=\"item3897\"><i class='pull-right fa fa-chevron-circle-down' aria-hidden='true'><\/i>Qualifications<\/a><\/h4><\/div><div id=\"item3897\" class=\"panel-collapse collapse\" role=\"tabpanel\" aria-labelledby=\"heading3897\"><div class=\"panel-body\"><p>Our incoming students usually have an undergraduate degree in economics and\/or mathematics, with significant quantitative and math-intensive course experience. Many international applicants have a master&rsquo;s degree. Research experience (such as an undergraduate or master&rsquo;s thesis, or work as a research assistant) is a plus.&nbsp;&nbsp;<\/p>\r\n\r\n<ul>\r\n\t<li>Required: One year&nbsp;of calculus, one semester of statistics, and intermediate-level courses in microeconomic theory and macroeconomic theory.<\/li>\r\n\t<li>Strongly recommended:&nbsp;Courses in linear algebra, differential equations, real analysis, and econometrics.&nbsp;<\/li>\r\n<\/ul><\/div><\/div><\/div>\n\n<!-- END PANEL * ID 3897 -->\n\n\n\n<!-- NEW PANEL ITEM * ID 3898-->\n\n<div class=\"panel panel-default\"><div class=\"panel-heading\" role=\"tab\" id=\"heading3898\"><h4 class=\"panel-title\"><a name=\"\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion\" href=\"#item3898\" aria-expanded=\"true\" aria-controls=\"item3898\"><i class='pull-right fa fa-chevron-circle-down' aria-hidden='true'><\/i>Information to Submit<\/a><\/h4><\/div><div id=\"item3898\" class=\"panel-collapse collapse\" role=\"tabpanel\" aria-labelledby=\"heading3898\"><div class=\"panel-body\"><p><strong>Base Requirements<\/strong><\/p>\r\n\r\n<ul>\r\n\t<li>Official GRE scores<\/li>\r\n\t<li>Unofficial transcripts<\/li>\r\n\t<li>3-5 letters of recommendation<\/li>\r\n<\/ul>\r\n\r\n<p><strong>English Language Proficiency Requirements&nbsp;<\/strong><\/p>\r\n\r\n<ul>\r\n\t<li>Proficiency in written and oral English is requred for enrollment in an academic program. This proof can be obtained by submitted scores from one of the following exams:\r\n\t<ul>\r\n\t\t<li>Test of English as a Foreign Language (TOEFL), minimum score&nbsp;<strong>89<\/strong><\/li>\r\n\t\t<li>International English Language Testing System (IELTS), minimum score&nbsp;<strong>7.0<\/strong><\/li>\r\n\t\t<li>Duolingo English Test<\/li>\r\n\t<\/ul>\r\n\t<\/li>\r\n\t<li>Applicants to the Graduate School, regardless of citizenship, must either meet our waiver criteria or submit proof of English language proficiency.&nbsp;The online application will not require you to submit a language score if you meet the criteria for an exemption: you (will) have an equivalent degree from an English-language university in Australia, Canada, Ireland, New Zealand, Nigeria, Ghana, India, Singapore, or the United Kingdom. See the Gradute School admissions page for more information about the English Proficiency Waiver:&nbsp;<a href=\"https:\/\/gradschool.vanderbilt.edu\/application-requirements\/#h2-language-proficiency\">Application Requirements | Graduate School | Vanderbilt University<\/a><\/li>\r\n<\/ul>\r\n\r\n<p>When completing the PhD application, please enter &quot;Social Sciences&quot; in the &quot;Area of Study&quot; field, making &quot;Economics&quot; an available choice in the &quot;Program&quot; field.<\/p><\/div><\/div><\/div>\n\n<!-- END PANEL * ID 3898 -->\n\n\n\n<!-- NEW PANEL ITEM * ID 3899-->\n\n<div class=\"panel panel-default\"><div class=\"panel-heading\" role=\"tab\" id=\"heading3899\"><h4 class=\"panel-title\"><a name=\"\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion\" href=\"#item3899\" aria-expanded=\"true\" aria-controls=\"item3899\"><i class='pull-right fa fa-chevron-circle-down' aria-hidden='true'><\/i>Statement of Purpose<\/a><\/h4><\/div><div id=\"item3899\" class=\"panel-collapse collapse\" role=\"tabpanel\" aria-labelledby=\"heading3899\"><div class=\"panel-body\"><p>In your statement of purpose, tell us how your&nbsp;studies&nbsp;so far have prepared you for a Ph.D. program, and share what fascinates you about research in economics.&nbsp;&nbsp;<\/p><\/div><\/div><\/div>\n\n<!-- END PANEL * ID 3899 -->\n\n\n\n<!-- NEW PANEL ITEM * ID 3900-->\n\n<div class=\"panel panel-default\"><div class=\"panel-heading\" role=\"tab\" id=\"heading3900\"><h4 class=\"panel-title\"><a name=\"\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion\" href=\"#item3900\" aria-expanded=\"true\" aria-controls=\"item3900\"><i class='pull-right fa fa-chevron-circle-down' aria-hidden='true'><\/i>Visiting Campus<\/a><\/h4><\/div><div id=\"item3900\" class=\"panel-collapse collapse\" role=\"tabpanel\" aria-labelledby=\"heading3900\"><div class=\"panel-body\"><p>Campus visits are offered to everyone admitted to the program. Visits consist of a half-day of individual meetings with faculty members and students, plus lunch.&nbsp;<\/p><\/div><\/div><\/div>\n\n<!-- END PANEL * ID 3900 -->\n\n\n\n<!-- NEW PANEL ITEM * ID 3901-->\n\n<div class=\"panel panel-default\"><div class=\"panel-heading\" role=\"tab\" id=\"heading3901\"><h4 class=\"panel-title\"><a name=\"\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion\" href=\"#item3901\" aria-expanded=\"true\" aria-controls=\"item3901\"><i class='pull-right fa fa-chevron-circle-down' aria-hidden='true'><\/i>FAQs<\/a><\/h4><\/div><div id=\"item3901\" class=\"panel-collapse collapse\" role=\"tabpanel\" aria-labelledby=\"heading3901\"><div class=\"panel-body\"><p><strong>Q: What test scores do admitted candidates usually have&nbsp; on the GRE?<\/strong><\/p>\r\n\r\n<p>A: Applicants often overestimate the importance of GRE scores for Ph.D. applications. The GRE tests whether you can do high school math quickly and correctly, as well as your vocabulary. Scores below a certain level (say, below 155 verbal and below 161 quantitative) tend to indicate problems, while very high scores do not necessarily guarantee that you are fully prepared for a Ph.D. program in economics.<\/p>\r\n\r\n<p>For candidates who satisfy these thresholds, we look primarily at their preparation for a Ph.D. program in terms of how they did in the challenging courses they took in both advanced economics and math, rather than going only by their specific GRE scores.<\/p>\r\n\r\n<p><strong>Q: Do you have a minimum TOEFL or IELTS score?<\/strong><\/p>\r\n\r\n<p>A: The Graduate School recommends a minimum TOEFL score of 89 and a minimum IELTS of 7.0<\/p>\r\n\r\n<p><strong>Q: I am a native English speaker, do I have to submit proof of English proficiency?<\/strong>&nbsp;<\/p>\r\n\r\n<p>A: All applicants to the Graduate School, regardless of citizenship, must either meet the waiver criteria or submit proof of English language proficiency. See the Graduate School requirements page for more information:&nbsp;<a href=\"https:\/\/gradschool.vanderbilt.edu\/application-requirements\/#h2-language-proficiency\">Application Requirements | Graduate School | Vanderbilt University<\/a><\/p>\r\n\r\n<p>&nbsp;<\/p><\/div><\/div><\/div>\n\n<!-- END PANEL * ID 3901 -->\n\n\n<\/div><!-- END ACCORDION * AID 3901 -->\n\n\r\n\r\n<div class=\"wp-block-columns\">\r\n<div class=\"wp-block-column\">\r\n<div><a class=\"btn btn-primary btn-lg\" href=\"https:\/\/as.vanderbilt.edu\/economics\/phd-financial-aid\/\">Financial Aid<\/a><\/div>\r\n<\/div>\r\n\r\n\r\n\r\n<div class=\"wp-block-column\">\r\n<div><a class=\"btn btn-primary btn-lg\" href=\"https:\/\/as.vanderbilt.edu\/economics\/phd-degree-requirements\/\">Plan Your Ph.D.<\/a><\/div>\r\n<\/div>\r\n\r\n\r\n\r\n<div class=\"wp-block-column\">\r\n<div><a class=\"btn btn-primary btn-lg\" href=\"https:\/\/apply.vanderbilt.edu\/apply\/\" target=\"_blank\" rel=\"noopener noreferrer\">Apply Now<\/a><\/div>\r\n<\/div>\r\n<\/div>\r\n","protected":false},"excerpt":{"rendered":"<p>The Ph.D. in Economics The Ph.D. program in economics admits between 8 and 12 students per year and prepares them for a successful career in academia, government, international organizations, or the private sector. In the first year, students take classes in microeconomics, macroeconomics, and econometrics, as well as mathematical economics and economic history. In the&#8230;<\/p>\n","protected":false},"author":3,"featured_media":354,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-headline-img.php","meta":{"spay_email":"","_links_to":"","_links_to_target":""},"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/as.vanderbilt.edu\/economics\/wp-json\/wp\/v2\/pages\/67"}],"collection":[{"href":"https:\/\/as.vanderbilt.edu\/economics\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/as.vanderbilt.edu\/economics\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/as.vanderbilt.edu\/economics\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/as.vanderbilt.edu\/economics\/wp-json\/wp\/v2\/comments?post=67"}],"version-history":[{"count":23,"href":"https:\/\/as.vanderbilt.edu\/economics\/wp-json\/wp\/v2\/pages\/67\/revisions"}],"predecessor-version":[{"id":2853,"href":"https:\/\/as.vanderbilt.edu\/economics\/wp-json\/wp\/v2\/pages\/67\/revisions\/2853"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/as.vanderbilt.edu\/economics\/wp-json\/wp\/v2\/media\/354"}],"wp:attachment":[{"href":"https:\/\/as.vanderbilt.edu\/economics\/wp-json\/wp\/v2\/media?parent=67"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/as.vanderbilt.edu\/economics\/wp-json\/wp\/v2\/tags?post=67"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}